Finance
A 'conforming loan' is one that meets the underwriting guidelines of:
AThe Federal Housing Administration
BFannie Mae and Freddie Mac✓ Correct
CThe Department of Veterans Affairs
DThe Federal Reserve Bank
Explanation
A conforming loan meets the guidelines established by Fannie Mae (FNMA) and Freddie Mac (FHLMC), including loan size limits, credit score requirements, and documentation standards. Conforming loans can be sold to and guaranteed by these government-sponsored enterprises (GSEs).
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